Kataria Industries IPO opens today: All you need to know before subscribing to the issue

Kataria Industries IPO (initial public offering) will go live on Tuesday, July 16. The issue, which will close on Friday, July 19, has a fixed price band of ₹91 to ₹96 per share.

The IPO is a fresh issuance of equity shares worth ₹54.58 crore. The Ratlam-based company has set aside 50% of the net issue for qualified institutional buyers or QIBs, 35% for retail investors, and the remaining 15% for non-institutional investors.

The money generated from the public offer will be used for capital expenditure towards plant and machinery, repayment of debt and general corporate purposes.

Investors can bid for a minimum of one lot or 1,200 shares aggregating to ₹1,09,200 and in multiples thereof.

The company's shares will be listed on Emerge, the SME platform of the National Stock Exchange (NSE), on July 24.

Kataria Industries IPO: Key dates

• Bidding period: June 16 to June 19
• Allotment finalisation: July 22
• Refund initiation: July 23
• Demat transfer: July 23
• Listing on NSE Emerge: July 24

About Kataria Industries

Established in 2004, Kataria Industries is into manufacturing and supply of low relaxation pre-stressed concrete strands and steel wires, post-tensioning anchorage system (anchor head, anchor cone and wedges), aluminium conductors, couplers and HDPE single wall corrugated (SWC) sheathing ducts.

With two manufacturing plants in Ratlam, the company's products are used in sectors such as infrastructure, roads, high rise buildings, LNG tanks, railways, atomic reactors and power transmission and distribution lines.

In the financial year 2023-24, the company's revenue stood at ₹339.1 crore and earnings before interest, taxes, depreciation, and amortisation (EBIDTA) at ₹22.9 crore.

Interactive Financial Services Ltd is the sole book-running lead manager, while Bigshare Services is the registrar for the issue.